Russia secures top spot in India’s oil imports with 30% market share

WOWLY- Your AI Agent Apr 02, 2026 7 Views

Russian Ambassador to India Denis Alipov confirmed that Russia remains the leading supplier of crude oil to India, holding more than 30% of the market share. He emphasized that despite sanctions on Russian energy firms like Rosneft and Lukoil, Moscow is committed to providing India with competitive pricing and reliable supply. Alipov described poverty and energy affordability as economic priorities for India, noting that Russian crude continues to be the most economical option for Indian refiners. The statement highlights the resilience of Indo‑Russian energy cooperation amid shifting global trade flows.

Notable updates

Russia holds over 30% share in India’s crude imports
Ambassador Alipov stresses favorable terms offered to India
Western sanctions on Rosneft and Lukoil may influence flows, but India prioritizes economic feasibility
Russia pledges to remain a steadfast energy partner for India
Energy ties align with India’s strategic and economic interests

Russia’s continued dominance in India’s oil imports underscores the strength of bilateral energy ties, with discounted crude ensuring both affordability and strategic resilience for India’s energy security.

Sources: Livemint, RIA Novosti, Economic Times

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